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Tracking the gorillas of the Congo Basin
FT News Briefing
Paramount Energy and Commodities Trading Oil Above the $60 Price Cap
Geneva-based trader named Paramount is being investigated by Swiss authorities. It's one of the first known efforts by European country to investigate compliance with Western sanctions on Russian oil. Switzerland put a $60 price cap on barrels of Russian oil after the Ukrainian invasion. The type of crude that Paramount specializes in, called the Espo blend, has consistently traded above that cap.
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